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JordanTSack's profile
Jordan Sack
Jordan Sack
Jordan Sack
@JordanTSack

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Jordan Sack

@JordanTSack

Fmr Threat Analyst, Social Network Analysis, Trader, Technology, Philosophy, Bitcoin, Economics

Theatre of Envy
medium.com/jordan-t-sack
Joined May 2018

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    1. Steve Barbour  ⛏‏ @SGBarbour Jul 20

      ASICs are rapidly approaching the marginal cost of production and ASIC accessibility will not be restricted to VIP’s. People with low cost power and efficient use cases (EG waste heat recovery) will dominate . Mining decentralization is bound to improve.

      7 replies 43 retweets 151 likes
    2. SIGHODL‏ @AssafLavie Jul 20
      Replying to @SGBarbour @mwilcox

      Is it? I’m the biggest miner -> I manufacture my own asic, don’t sell it -> I approach a smaller miner with cheaper access to electricity and offer to buy him out to run my asics on his power -> i get bigger. how is this not trending towards centralization?

      3 replies 0 retweets 0 likes
    3. Rob Nelson‏ @guruvan Jul 20
      Replying to @AssafLavie @SGBarbour @mwilcox

      As the biggest miner you're also the biggest single consumer of power. Larger & larger scale power becomes harder to find, and growth in this way isn't sustainable The big manufacturers have already gone through your process (it was correct)we are at the end of that epoch

      1 reply 1 retweet 4 likes
    4. Jordan Sack‏ @JordanTSack Jul 20
      Replying to @guruvan @mwilcox and

      Rob, can you further explain this logic.. “Larger & larger scale power becomes harder to find, and growth in this way isn't sustainable”. Thank you.

      1 reply 0 retweets 0 likes
    5. Rob Nelson‏ @guruvan Jul 21
      Replying to @JordanTSack @mwilcox and

      Large miners flock to inexpensive power. They don't act like most other power customers - they're running full tilt 24/7 - this puts a huge full time load on power generators. Power generators have to slow growth to meet energy production growth

      1 reply 0 retweets 0 likes
    6. Rob Nelson‏ @guruvan Jul 21
      Replying to @guruvan @JordanTSack and

      The way to do this, of course is raise rates, or refuse service. And this is precisely what were seeing. 2 counties here next to where I am in Washington have banned mining altogether because the grid can't deal with the load caused by large miners.

      1 reply 0 retweets 0 likes
    7. Rob Nelson‏ @guruvan Jul 21
      Replying to @guruvan @JordanTSack and

      This means that in order to continue large scale miner growth, the miners will have to start producing their own power. This takes time to build out physical plants. Meanwhile the networks will need continued growth. The way to get that is commodity asic hardware for home use

      1 reply 0 retweets 0 likes
    8. Rob Nelson‏ @guruvan Jul 21
      Replying to @guruvan @JordanTSack and

      Distribution of miners to home users has additional benefits in heating & cooling. A miner in the home doesn't cause the cooling load that the large miner has. In summer this load could over stress the grid/production capacity

      2 replies 0 retweets 0 likes
      Jordan Sack‏ @JordanTSack Jul 21
      Replying to @guruvan @mwilcox and

      This would be applicable in the long term. Currently with such low adoption %, speculation increases the amount of risk large scale operations would be willing to take on in the short-mid term.

      11:00 AM - 21 Jul 2018
      1 reply 0 retweets 0 likes
        1. Rob Nelson‏ @guruvan Jul 21
          Replying to @JordanTSack @mwilcox and

          The amount of risk isn't the issue. The time to build physical plant is.

          0 replies 0 retweets 0 likes
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